10/16/2026
🏠 Long Island Home Prices Just Dropped But Do Not Celebrate Yet🏠
Nassau's median home price fell from roughly $910k to $860k in September 2026. This is still up 2.1% compared to September 2025.
Suffolk's median sale price dropped from $760k to $740k, up 2.8% compared to a year earlier,
Sounds like great news for buyers, right?
Here is the catch:
👉 Prices are still higher than last year.
👉 Inventory remains tight.
👉 Mortgage rates are around 7.4%.
👉 Good homes can still attract strong competition.
The Long Island market is not crashing. It is changing.
For sellers, pricing correctly is becoming more important.
For buyers, there may be opportunities that did not exist during the summer frenzy.
Karen Charles ABR, CPRES, RENE, SRS
Licensed Real Estate Salesperson
BHGRE | Realty Connect
1 Crossways Park Drive West
Woodbury, NY, 11797
P: 347-831-6049